Sudan announces transfer of $335 million intended to compensate U.S. victims of terrorism
Sudan claims to have transferred money intended for the victims of the 1998 and 2000 attacks against US interests. Al Qaeda had attacked the American […]
World Bank
World Bank: Forty million Africans are at risk of falling into extreme poverty because of the Covid-19 pandemic
Leaden by the economic fallout from the Covid-19 pandemic, growth in Sub-Saharan Africa is expected to drop to -3.3% in 2020, leading the region into […]
Despite Covid 19 slowdown Comorian diaspora increase its money transfers towards home
Comorians in the diaspora have been particularly generous since the beginning of the Covid-19 pandemic. money transfers increased by a third in the first five […]
Coronavirus: World Bank pledges $60 mln to Kenya
The World Bank on Monday announced a $60 million grant to help Kenya battle the coronavirus outbreak. According to the World Bank, the funding will […]
Cameroon: World Bank allocates $200 million to support development policies
The International Development Association (IDA), a subsidiary of the World Bank which offers concessional loans and grants to the world’s poorest developing countries, has signed […]
Tanzania: WB releases $4.5 million for drinking water supply to 165 villages
The World Bank has awarded a $4.5 million grant to Tanzania to build drinking water supply networks using solar off-grid systems in rural areas. Only […]
Tanzania: World Bank lifts aid embargo, approves new loan
The World Bank has approved a $450 million loan to Tanzania, the bank said on Friday. The move comes a year after the Bretton-wood institution […]
Botswana announces massive investments in renewable energy
The government of Botswana has recently reached an agreement with the World Bank to develop a national strategic plan for the development of renewable energy […]
Guinea gets $106 million to develop off grid projects
In Guinea, the World Bank and the French Development Agency (AFD) will support electrification projects in the capital city Conakry, and develop off grid in […]
AfDB, World Bank commit more funds for renewable energies in Africa
The African Development Bank (AfDB) will soon launch ‘Green Baseload’ Facility to provide concessional finance to support reliable and affordable renewable energy, the bank’s president […]